President Trump announced fresh sanctions on the Islamic Republic on Monday, following the downing of an unmanned American drone last week.Politicsread more
President Donald Trump's son-in-law Jared Kushner has presented a $50 billion investment plan for economic growth and peace in the Middle East that has been greeted with...World Politicsread more
Stocks should rally if the U.S. and China agree to new negotiations and a ceasefire in the trade war, but the economic impact of tariffs will continue.Market Insiderread more
The trade war between Beijing and Washington appears to have depressed Chinese property purchases in the United States. China's own actions may also be playing a role.Real Estateread more
Tesla CEO Elon Musk sent out another email to his employees, pushing them to aim for a record number of vehicle deliveries to end the second quarter of 2019.Technologyread more
More than 300 companies are talking to government officials in Washington about how detrimental the trade war is.Marketsread more
Democrats want Mueller's testimony on his probe into Russian interference in the 2016 election and Trump's efforts to influence it.Politicsread more
The Senate is expected to pass its own version of the border aid legislation, while the Trump administration has threatened to veto both bills.Politicsread more
Some 4 million people have fled the South American country since 2015 amid an economic meltdown.World Politicsread more
Japanese designer Undercover posted on its Instagram account a photo of protesters with the slogan "no extradition to China," the Financial Times reported.China Politicsread more
Powell stresses the central bank's independence in a speech that comes amid continuous pressure from the White House to cut interest rates.The Fedread more
A cryptocurrency with ties to former hedge-fund manager Michael Novogratz has surged past litecoin into fifth place by market capitalization.
CoinMarketCap data showed eos climbed more than 30 percent over the last 24 hours for a market capitalization of nearly $7.1 billion, topping litecoin's $6.8 billion. Bitcoin is the largest cryptocurrency by market capitalization, followed by ethereum, ripple and bitcoin offshoot "bitcoin cash. " Eos was trading slightly higher on the day near $8.84 as of 10:32 a.m. ET.
Former Fortress hedge-fund manager Novogratz's Galaxy Digital announced in late January a joint venture with eos developer Block.one for a $325 million fund.
As was the case with a previous eos price surge, the cryptocurrency gains came ahead of an "airdrop" of new coins to eos holders. A group of developers who also claim involvement with the eos project are planning to distribute one eosDAC token to all accounts with at least 100 eos tokens at 1 a.m. UTC April 15, or 9 p.m. ET Saturday.
Eos is a cryptocurrency for a platform set to go live this summer called eos.ios, which proponents expect could be better than ethereum in many ways and potentially bring on much greater adoption of cryptocurrency-related technology.
Talk show host John Oliver criticized eos in a March 11 episode of "Last Week Tonight" that discussed the risks of cryptocurrency investing. Oliver's concerns included the apparent lack of seriousness by advisor and noted early bitcoin investor Brock Pierce. Eos developer Block.one responded in a lengthy blog post that said Pierce has ended his role at the company by mutual agreement. It wasn't clear whether Pierce's departure was a result of the Oliver segment.
Eos has crept higher in the cryptocurrency market cap rankings over the last few months. It wasn't among the top 10 until late January, made ninth place in mid-March and was sixth-largest earlier this week.